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201U09387 work has been cornpleted ta L.�nder's satisfaction, provided that such inspection shall be undertaken prornptly. Lender may disburse proceeds for the repairs and restoratian in a single payxnent or in a series of progress payments as the work is cornpleted. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest ar earnings on such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If tlae restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrurnent, whether or not then due, with Che excess, if any, paid to $orrower. Such insurance proceeds shall be applied in the order provided for in Section 2. If Borrower abandons the Property, I..�nder may file, negotiate and settle any available insurance claim and related matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a clairn, then I..ender may negatiate and settle the clairn. The 30-d.ay period will begin when the notice is given. In either event, or if Lender �cguires the Property unc�er Section 22 or otherwise, Borrawer hereby assigns to Lender (a) Borrowe�'s rights ta any in�u�nre proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Instrumerit, and (b) any other of Borrower's rights (other than the right to any refund of u�earned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such arights are applicable to the coverage of the Property. Lender may use the insurance proceeds either to repair or restare the Property or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due. 6. Occupancy. Barrower shall occupy, establish, and use the Property as Borrower's pxincipal residence within 60 days after the execution of this Security Instrument and sha11 continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall nat be unreasonably withheld, or unless extenuating circwnstances exist which are beyond Borrower's cantral. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or impair the Praperty, allow the Property to deteriorate or comnnit waste on the Property. Whether or not Borrovirer is residing in the Property, Bormwer shall rnaintain the Froperty in order to prevent the Property frora deteriorating or decreasing in value due to its condition. Unless it is deterniined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall promptly repair the Froperty if damaged to avoid further deteriaration or damage. If insurance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Banower shall be responsible for repairing or restoring the Property only if Lender has released proceeds far such purposes. J..ex►der may disburse proceeds for the repairs and restoration in a single payment or in a ser�es of progress payments as the work is completed. If the insurance or condemnation procceds are not suf�xciezxt to repair or restore the Property, Borrower is not relieved of Bnrrower's nbligation for the cornpletion of such repair or restoration. Lender or its agent znay make reasanable entries upon and inspections of the Property. If it has reasonable cause, L.ender may insp�ct the interior of the improvernents on the Property. L,�nder shall give Borrower notice at the time of or prior to such an interior inspection specifying such reasonable cause. $. Borrower's Loan Application. Sonower shall be in default if, during the I.oan application process, Borcower or any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially fals�, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residencc. NEBRASKA - Single Family - Fannie Maa/Freddie Mac UNIFORM INSTRUMENT �-fi1NE) 108� i1 Page 7 of 15 Initials Form 3028 7lU9 � � ; �. o . .